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Cattle prices fall 30 per cent
31 Oct 2006
The East Coast Young Cattle Index, a market indicator of Australian cattle sale prices, has slumped from $3.80 per kilo in August to a 3 1/2-year low of $2.67 earlier this month, a decline of almost 30 per cent. Many beef producers and also dairy farmers are selling stock, often for slaughter in abattoirs that are now at or near capacity.
The Australian, 31/10/06
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